Use the following to answer question: 
-(Figure: The Linear Demand Curve) Use Figure: The Linear Demand Curve.Suppose this is the demand curves for scarves in your scarf shop.If you increase the price of your scarves from $7 to $8,your total revenue will _____,and you notice that your price elasticity of demand is _____.
Definitions:
Beneficial
Producing good or helpful results or effects; advantageous.
Family Income
The total amount of money earned by the members of a family, used as an indicator of the economic status of the family.
SAT Scores
The results from a standardized test widely used for college admissions in the United States, assessing proficiency in critical reading, mathematics, and writing.
Educational Attainment
The highest level of education an individual has completed.
Q5: A tax system achieves efficiency when:<br>A)the right
Q6: There is one gas station in a
Q64: If the price elasticity of demand is
Q86: If funeral homes discover that the price
Q106: Prices are important economic signals because they
Q134: Price elasticities of demand and supply will
Q138: A group of dairy farmers is trying
Q150: (Figure: The Market for Blue Jeans)Use Figure:
Q177: (Figure: The Market for SUVs)Use Figure: The
Q235: A tax that takes a higher percentage